# Vendis Capital

> Vendis Capital is a VC fund in Diegem backing Retail and E-Commerce. See 15 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Diegem, Belgium
- Total investments: 15
- Last investment: Jul 2025
- Lead investor: 93%
- Fund size: $351M
- Last fund: Jul 2019
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/vendis-capital/
- Website: http://www.vendiscapital.com

Vendis Capital is an independent private equity firm that focuses on building and investing in small- to medium-sized branded consumer companies in Europe. Its flexible capital structure includes both development capital and buyout capital.Vendis Capital supports entrepreneurs and their companies through various stages of development. It helpsits clients in establishing strategic roadmaps, planning and facilitating management additions, evaluating and executing acquisitions, and establishing proper monitoring and reporting tools.Vendis Capital was founded in 2009 and is headquartered in Diegem, Vlaams-Brabant.

## Contacts

5 contacts available for Vendis Capital. Shizune tracks 6 team members at Vendis Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/vendis-capital?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Retail | 6 | 40% |
| E-Commerce | 5 | 33% |
| Cosmetics | 3 | 20% |
| Health Care | 3 | 20% |
| Manufacturing | 3 | 20% |

27 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Private Equity | 12 | 80% |
| Funding Round | 1 | 7% |
| Venture - Series Unknown | 1 | 7% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| The Netherlands | 6 | 40% |
| France | 3 | 20% |
| Belgium | 3 | 20% |
| Germany | 1 | 7% |
| United States | 1 | 7% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Arjan Elderhorst | Investment Director | 0 | https://shizune.co/investors/profile/arjan-elderhorst |
| Michiel Deturck | Partner | 1 | https://shizune.co/investors/profile/michiel-deturck |
| Vincent Braams | Partner | 3 | https://shizune.co/investors/profile/vincent-braams |
| David de Graaf | Investment Director | 0 | https://shizune.co/investors/profile/david-de-graaf-1d6f |
| Philip Vannieuwenhuyze | Associate | 1 | https://shizune.co/investors/profile/philip-vannieuwenhuyze |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| KaraFun Group | KaraFun Group develops and creates online tools for the music industry. It offers applications, makes instrumental music, and operates karaoke digital systems. KaraFun Group was founded in 2005 and is based in Lille, France. |  | Venture - Series Unknown | Jul 09, 2025 | https://www.karafun-group.com/ |
| Skins Cosmetics | Skins Cosmetics is a cosmetic shop that sells skin cosmetics and beauty products. |  | Private Equity | Jan 22, 2024 | https://www.skins.nl |
| Pink Gellac | Pink Gellac is a digital native and direct-to-consumer premium nail polish brand with a distinctive colour offering. Pink Gellac is known for its distinctive on-trend colour offering and its salon-like quality. |  | Private Equity | Sep 10, 2021 | http://www.pinkgellac.nl |
| Kamera Express | Kamera Express has been the photo retail specialist of the Benelux for more than 20 years! The combination of webshop and superstores in Amsterdam, Arnhem, The Hague Rotterdam , Zwolle and Antwerp makes Kamera Express unique.All our products are ready for demonstration in Thire super stores. With trained and qualified personnel you can always gofor good and familiar advice. |  | Private Equity | Feb 23, 2018 | https://www.kamera-express.nl/ |
| Sylphar | Sylphar manufactures medical aids and cosmetic products. It offers mouth ulcer gel, cold sore serum, and cold sore prevention products; interdental whitener, gum care toothpaste, smile kit, whitening promo bag, instant whitening toothpaste, instant tooth polisher, plaque and stains removing solution, tooth polisher refill, and instant whiteningmouthwash; eye bags and dark circles diminishing cream, stretch marks prevention cream, spider veins solution, and scars stick; and Shur Healthy Breath, a solution for bad breath. Sylphar sells its products under iWhite, Herpatch, Shur Healthy Breath, and Remescar brands. It offers products through retailers, distributors, and pharmacies in Belgium and internationally. Sylphar also serves customers through its online store. It began operation in 2007, with its headquarters in Sint-Martens-Latem in Belgium as a former subsidiary of Remedent. |  | Private Equity | May 23, 2017 | http://www.sylphar.com/ |
| Fatboy | Fatboy offers a wide range of colourful bean bags, huge lamps, oversized sunshades, magical hammocks, super-relaxed dog beds. |  | Private Equity | Apr 19, 2017 | https://www.fatboy.com/us/ |
| Legio Group | LEGIO ist ein international agierendes Unternehmen und im Fachbereich der innovativen Wasseraufbereitungstechnologien führend. Gegründet wurde das Unternehmen von Herrn Dipl.-Ing. Rainer Kaifel als Dienstleistungsunternehmen für chemischen Rohrleitungsdesinfektion. Ziel war und ist die Sicherstellung einer zu jederzeit hygienisch einwandfreienWasserqualität. |  | Private Equity | Oct 21, 2016 | https://legio.com/ |
| Humanoid | HUMANOID is a typical International Dutch brand. It is grounded, self-assured and confidant in its history, niche market and aspirations. There is a sense of freedom and optimism in the way that is worked and how the company looks to the future. What started with a new wave gut feeling and fun punk attitude out of a small studio in the Arnhem‘Weverstraat’ has steadily become an international fashion brand with hundreds of stockists worldwide and its own brand store in Arnhem and online shop. |  | Private Equity | Sep 03, 2015 | https://www.shophumanoid.com/ |
| The Victoria Group | The Victoria Group was founded in 1991 and is now the Belgian market leader and an important player in France in the jewellery direct sales sector. Victoria designs, produces and distributes, exclusively via its network of sales representatives, classic and trendy jewellery for men, women and children. The jewellery collection includes rings,, bracelets, earrings, necklaces and pendants, and is rigorously selected to meet the wishes of the public and to provide optimum quality at the best price. |  | Private Equity | Feb 12, 2014 | http://www.victoria-benelux.com/ |
| Alexandre de Paris | Louis Alexandre Raimon, or Prince de la coiffure as he was most famously known as, was a French style icon of the 20th century, who devoted his life work to beauty, excellence in hairdressing and custom made hair accessories. He worked closely and collaborated with all the old masters of French Haute Couture like Coco Chanel, Yves Saint-Laurent,Hubert Givenchy, and Christian Dior amongst many others. Like them he and his hand crafted hair jewels became an embodiment of French Style and was a personal favorite of many leading ladies. Elizabeth Taylor, Princess Grace Kelly of Monaco, Greta Garbo, Audrey Hepburn, Jackie Kennedy were just few of his passionate devotees |  | Private Equity | Mar 14, 2013 | http://www.alexandredeparis-accessories.com |

10 of 15 investments shown.

## Co-investors
- [LDC](https://shizune.co/investors/profile/ldc) — VC Fund, 1 deal together
- [Verlinvest](https://shizune.co/investors/profile/verlinvest) — VC Fund, 1 deal together

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## FAQ

### What does Vendis Capital invest in?

Vendis Capital invests primarily in Retail, E-Commerce and Cosmetics startups, most often at Private Equity and Funding Round stage. Most of the 15 investments tracked by Shizune back companies in The Netherlands. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Vendis Capital?

Public channels for Vendis Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Vendis Capital?

The team at Vendis Capital includes Arjan Elderhorst (Investment Director), Michiel Deturck (Partner) and Vincent Braams (Partner), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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